Best Buy Co., Inc. (NYSE:BBY) is one of the Actions on Jim Cramer’s game plan for the week. Cramer analyzed the effect of the tariffs on the company, as he commented:
“On Tuesday we have a lot of big earnings from a number of industries. In the morning, for example, we got results from Kohl’s, Best Buy and DICK’S Sporting Goods. What am I hearing? … Best Buy will be fine. Probably hurt by higher interest rates and tariffs, although that should be offset by a PC upgrade cycle.”
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Best Buy Co., Inc. (NYSE:BBY) sells technology products, electronics, home appliances and entertainment items, along with related services such as delivery, installation and technical support. Cramer mentioned the company during the September 30 episode, saying:
“Now, I wrote How to Make Money in Any Market over a two-year period. In the chapter on dividend stocks, I initially included Stanley Black & Decker and Best Buy as interesting prospects. Now, I think they are both well-managed companies, and yield 4.5 and 5%, respectively. I removed them, though in the next step, because unlike food stocks, which don’t really even need a strong economy to make a lot of money, Best Buy and Stanley Black & Decker actually need strong consumer growth and tariff relief.
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Disclosure: None. This article was originally published in Internal jumpsuit.